Kakao Pay secures $200M investment

February 22, 2017

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Financial Software | Jeju, South Korea | Corporate

Ant Financial is investing $200 million in Kakao Pay, a soon-to-launch fintech subsidiary of messaging service Kakao. With the investment, Ant Financial will move to offer its digital financial services through Kakao Pay in South Korea. Ant Financial is an affiliate of Chinese ecommerce giant Alibaba and the manager of Alipay and Alibaba’s digital banking business.